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The Question - Are Real Estate Agents Furnishing MARS? The issue regarding real estate agents and the new FTC MARS Rule (as in Mortgage Assistance Relief Services) is that there is no clear cut rule. The Commission states in footnote 126 of the Rule that an exemption for real estate agents is no...
I last addressed the common Florida short sale addenda in WHAT'S WRONG WITH THE FAR SHORT SALE LISTING AND CONTRACT ADDENDA - AND HOW YOU CAN FIX IT in November 2008. Since that time several real estate brokerage agencies have recognized the FAR "oversights" and created their own short sale adde...
We closed a record number of transactions in December - a record at least for us - and one closing stands out for a disturbing statement by the buyer's real estate agent. As the closing agent and because this was a short sale and funds had to be disbursed to the lender immediately at closing, we...